Paschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

The only other change that should be highlighted is that the new double tax agreement now encompasses modern OECD provisions, as well as reflecting Irish or Dutch measures that were agreed to bilaterally. The new double tax agreement is fully compliant with the minimum standards under the OECD base erosion project, as well as incorporating a number of other measures recommended under the BEPS project and agreed to bilaterally between Ireland and the Netherlands. The updates include provisions related to the adjustment of profits of associated companies, more extensive exchange of information provisions and a separate provision on assistance in the collection of taxes.